Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Vendor

A Vendor is a third party supplier of goods or services. 

Businesses outsource many of their functions to vendors - such as IT. 

Expanding your business's vendor base requires diligent research into their background to ensure they are viable and can benefit your business. 

Vendors need to be managed effectively in terms of performance, risk and spend. 

Vendor management software can help you to onboard, collaborate with and monitor your vendors.  

 

 

A vendor sells products or services to another company or individual. ... Some vendors, like food trucks, sell directly to customers.